Tag Archives: mayor quan

Repost: Mayor Quan’s 100,000 Block Plan

This just in: Mayor Quan has released full info on her 100 block plan.

It’s really a 100,000 block plan that covers all of Oakland because the Mayor “doesn’t want to be divisive.”

She blamed City Administrator Santana for leaving off a few zeros in the title of the plan.

Mayor Quan took full responsibility for overlooking Santana’s error, saying “Sometimes despite my best efforts, the buck stops here”

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Oakland’s Bond Ratings: Class Act or Not?

As every adult should know, a “credit” card is really a “debt” card.

In the same way, a “mortgage” is a massive “debt” owed to a bank, and the interest you pay on said mortgage is your “rent” to the bank for the money.  If you don’t own a house free and clear, you are still a renter — renting money from the bank. I won’t get into HELOCs but anyway, debt is debt.

Debt can be useful if you haven’t saved up enough money ahead of time — rainy day fun, savings, etc.  Also useful for putting up huge capital-intensive public works projects in a hurry if you expect future revenue to climb. The higher your “credit score” – aka “debt” score of “how good a debt slave are you” score – is, the more debt you can take on.

Cities have credit scores too – it’s called a “bond rating.” Continue reading